California Code of Regulations
Title 2 - Administration
Division 4.5 - Local Agency Deposit Security
Chapter 2 - Administrator of Local Agency Security
Subchapter 2 - Agent of Depository
Article 3 - Declaration of Ineligibility and Transfer Order
Section 16002.3.1 - Declaration of Ineligibility and Transfer Order-Issuance

Whenever the Administrator finds that an agent of depository for any reason has failed to comply with the agreement of agent of depository filed by it in accordance with Article 2 of this Subchapter, or any provision thereof, the Administrator may issue a declaration of ineligibility and transfer order, declaring such agent of depository ineligible to act as agent of depository and ordering such agent of depository, at its own expense and at the time fixed in such order, to transfer each security held by it for the purpose of securing a secured local agency deposit (including any security placed for safekeeping pursuant to Government Code Section 53659 with a bank, a trust company, a federal reserve bank or a branch thereof or the Federal Home Loan Bank of San Francisco) to an agent of depository designated in such order on or before the date specified in such order.

1. Amendment filed 10-8-76 as an emergency; effective upon filing (Register 76, No. 41).
2. Certificate of Compliance filed 2-4-77 (Register 77, No. 6).